Icon Realty pays $27M for ex-Ring building from Extell

The vacant 12-story office building was one of the few Barnett still owned in portfolio

TRD New York /
Dec.December 07, 2016 02:30 PM

Terrence Lowenberg and Todd Cohen’s Icon Realty Management just picked up one of the former Ring portfolio buildings from Extell Development for $26.5 million.

Icon paid about $815 per square foot for the vacant 12-story, 32,500-square-foot office building at 30 East 23rd Street in the Flatiron District, property records filed with the city Tuesday show.

Representatives for Icon and Extell TRData LogoTINY couldn’t be reached for comment.

The 25-foot-wide building near Madison Square Park has small floor plates of roughly 2,500 square feet each.

The building is one of the few remaining properties Extell has held onto since snapping up the 14-building Ring portfolio in late 2013 for close to $450 million. Gary Barnett has sold off or ground leased most of the buildings.

Extell still owns 142 West 24th Street and 17 West 60th Street outright, and retains the fee position at 23 West 24th Street.


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

Extell lands $690M refinancing package for One Manhattan Square

Extell lands $690M refinancing package for One Manhattan Square
Extell Development's Gary Barnett (Credit: Getty Images and iStock)

Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower

Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower
Central Park Tower

Extell just went public with Central Park Tower listings

Extell just went public with Central Park Tower listings
Clockwise from top left: 180 Ashland Place. 180 East 125th Street, 35 Commercial Street and 2440 Fulton Street (Credit: Google Maps)

The top 10 biggest real estate projects coming to NYC

The top 10 biggest real estate projects coming to NYC
Gary Barnett and 149 East 124th Street (Credit: Google Maps)

Extell’s plan for East Harlem development site revealed

Extell’s plan for East Harlem development site revealed
Central Park Tower and Gary Barnett

Pricey listings including UES townhouse, Central Park Tower condos go live

Pricey listings including UES townhouse, Central Park Tower condos go live
Gary Barnett, Central Park Tower, and the Tel Aviv Stock Exchange Bull (Credit: Wikipedia, iStock)

Extell’s Israeli bonds put on downgrade watch

Extell’s Israeli bonds put on downgrade watch
Clockwise from the top: 500 East 30th Street, 1 Ellis Street and 2555 Broadway (Credit: Google Maps)

NYC’s 10 biggest new real estate projects

NYC’s 10 biggest new real estate projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...